Visible Alpha’s Post

Steppe Gold Ltd (TSX:STGO, OTCQX:STPGF)’s ATO gold mine in Mongolia is expected to generate total gross revenue of $2.2 billion, based on an updated Technical Report, according to Stonegate Capital Partners analysts.  In an update to clients, the analysts placed a valuation range of C$4.43 to C$5.59 per share on Steppe Gold stock, with a mid-point of C$5.00, based on separate discounted cash flow (DCF) analysis of their mine models for the company.   Highlights from the Technical Report on ATO included an estimated 1.1 million ounces of gold and 11.7 million silver ounces at a grade of 1.13 grams per tonne (g/t) gold and 12.43 g/t silver.   They also noted that the ATO project is expected to produce more than 100,000 ounces of gold annually over an estimated mine life of 14 years.  More at #Proactive #ProactiveInvestors #TSX #OTCQX #STGO #STPGF http://ow.ly/sX0i1055stZ

VANCOUVER, B.C., May 2, 2024 – Relevant Gold Corp (TSXV:RGC) (OTCQB:RGCCF). (the “Company” or “Relevant Gold”) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $2,500,000 through the sale of up to 10,000,000 units (“the Units”) at the price of $0.25 per Unit. Each Unit consists of one common share of the Company and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.35 per share for a period of 24 months from the date of issue. https://lnkd.in/gq2cSQYq #RelevantGoldCorp #PrivatePlacement #InvestmentOpportunity #GoldMining #TSXV #OTCQB #StockMarket #FinancialNews #Investing #JuniorMining #Vancouver #ResourceExploration #WarrantOffering #CommonShares #MiningInvestment #GoldPrice #PreciousMetals #ResourceSector #ExplorationCompany #MineralExploration

VANCOUVER, B.C., May 2, 2024 – Relevant Gold Corp (TSXV:RGC) (OTCQB:RGCCF). (the “Company” or “Relevant Gold”) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $2,500,000 through the sale of up to 10,000,000 units (“the Units”) at the price of $0.25 per Unit. Each Unit consists of one common share of the Company and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.35 per share for a period of 24 months from the date of issue. https://lnkd.in/gzW8WunB #RelevantGoldCorp #PrivatePlacement #InvestmentOpportunity #GoldMining #TSXV #OTCQB #StockMarket #FinancialNews #Investing #JuniorMining #Vancouver #ResourceExploration #WarrantOffering #CommonShares #MiningInvestment #GoldPrice #PreciousMetals #ResourceSector #ExplorationCompany #MineralExploration

We're pleased to share a recent interview with our CEO, James Tworek, discussing our commitment to responsible mining and the path to growth.   Building a Strong Foundation   Element79 Gold Corp. was founded to address a key challenge in the mining industry: cash flow for junior miners. We've achieved this through strategic acquisitions, divestments, and innovative approaches like the sale of our starter kit project. This has allowed us to grow from a single project to managing 20, and we're bringing the past-producing Lucero Mine in Peru back to commercial production.   High-Grade Opportunities Await   We're particularly excited about the Lucero project in Peru. Previously a high-grade gold mine, Lucero boasts historical results averaging 19 grams per ton of gold equivalent. Negotiations for an exploration and exploitation permit extension are nearing completion, and we're targeting production this year with year-over-year growth. The recent sale of the Maverick Springs project brings in capital to streamline operations and fuel further exploration.   Community & Sustainable Growth   Element79 prioritizes social responsibility. We believe mining projects should benefit local communities. In Peru, we're formalizing partnerships with artisanal miners, aiming for production of 150-200 tons per day within 18 months. Additionally, the Lucero project is not just about mining; it's a community-based social project with ongoing initiatives planned.   Experienced Team & Transparent Future   Our team is comprised of seasoned professionals with backgrounds in finance, mining, and project management. We're committed to transparency and keeping our investors informed. We recently completed a share consolidation and debt conversion, and we're currently raising capital to propel us through 2024.   Looking Ahead   We anticipate formalizing agreements with artisanal miners this month, with initial production statistics as early as June. We're exploring non-dilutive financing options like streams, royalties, and debt. We're confident that the combination of our assets, experienced team, and commitment to responsible mining positions Element79 for a bright future.   Join us as we unlock the potential of our projects and create lasting value for all stakeholders.   For more information, visit our website or follow us on social media. https://lnkd.in/dy-u7Mnp #miningindustry #juniormining #miningnews #miningsector #mininginvestment

Barrick Gold Corp. has spoken with some of First Quantum Minerals Ltd.’s major investors to gauge their support for a potential takeover, after the sudden closure of its flagship mine left the Canadian copper producer reeling and wiped out more than half its market value. Barrick Chief Executive Officer Mark Bristow approached some of First Quantum’s largest investors late last year, according to people familiar with the situation, who asked not to be identified as the talks were private. It wasn’t immediately clear if Barrick has made a fresh approach to First Quantum, and there’s no guarantee it will make a formal offer. Gold giant Barrick has been seeking to expand in copper, and a deal with First Quantum would transform the company into one of the world’s biggest producers. The smaller Canadian miner has been left vulnerable after Panama ordered the closure of its biggest and most profitable asset, creating a potential opportunity for Bristow — an industry veteran with a history of building and running mines in challenging locations. #M&A #copper #coppermining #futureofenergy #energytransition Culpeo Minerals #$CPO Max Tuesley Sergio Uribe Valdés Rob Hallam Badri Gosavi Shaun Factor Niv Dagan

We initiated coverage of OreCorp Limited (ASX: ORR) during July, with the company since rising from our initiation price around $0.40 to a current price of $0.53. ORR is now subject to a combined scrip/cash takeover off from Canada’s Silvercorp Metals (TSX, NYSE: SVM) that values OreCorp at A$260 million - or $0.543 per share. OreCorp believes that Silvercorp has the balance sheet strength to fund construction and exploration of the Nyanzaga gold project. A definitive feasibility study for the asset, announced in August 2022, estimated that the Tanzanian mine could deliver 242,000 ounces of gold per annum over the first 10 years of operations, peaking at 295,000 ounces per year, at life-of-mine of 10.7 years minimum. Nyanzaga is located approximately 40 km north east of the Bulyanhulu mine, one of Barrick Gold’s two gold mines in the Lake Victoria Goldfields, which together with the North Mara mine produced approximately 547,000 ounces of gold in 2022. OreCorp board directors are unanimously recommending shareholders to vote in favour of the revised scheme. OreCorp’s shareholders are expected to vote on the deal on December 8.

We are thrilled to announce the upsizing of our Senior Secured Credit Facilities up to US$150 million and a new offtake agreement with Trafigura. This milestone strengthens our financial position and supports our ambitious expansion plans at the Kainantu Gold Mine. Key Highlights: - US$150M Credit Facilities: Increased from US$100M to US$150M with competitive interest rates and no hedging conditions. - New Offtake Agreement: Trafigura to purchase 100% of K92 PNG’s copper/gold concentrates, securing long-term competitive terms. - Enhanced Liquidity: Enables rapid advancement of high-priority exploration targets and our expansion plans. - Solid Partnership: Reinforces our strong relationship with Trafigura, our offtake counterpart since the start of operations. John Lewins, CEO of K92 Mining, stated, "The closing and upsizing of the loan to up to US$150 million is an important financial de-risking milestone for delivering the Stage 3 and 4 Expansions which will transform K92 and the Kainantu Gold Mine into a Tier 1 Mid-Tier Producer. Importantly, this boost to liquidity enables K92 to confidently continue to rapidly advance multiple high priority exploration targets concurrently." Read the full press release: https://loom.ly/yDA2JxU #K92Mining #MiningNews #InvestInGold #SustainableGrowth

We are pleased to share our latest presentation from the RMEC conference, where our CEO, James Tworek, outlined our strategic vision and upcoming projects. Element79 Gold Corp is dedicated to generating near-term cash flow through the acquisition and development of high-grade, past-producing gold mines. 🌟 Highlights of the Presentation:    Lucero Project: Our flagship project in Lucero is permitted for 350 tons per day and historically produced 40-50,000 ounces of gold equivalency annually. We are set to commence underground and surface drilling to establish a robust resource and mine plan.    Team Strength: Our experienced executive team, with a strong background in mining projects and project finance, is committed to ethically and sustainably developing our projects.    Community Engagement: We prioritize strong community relationships and have partnered with local NGO, UMA, to support education and entrepreneurship programs in Peru.    Financial Milestones: The recent sale of our Maverick Springs project has strengthened our balance sheet, allowing us to focus on growth and development.    Upcoming Revenue Generation: We anticipate revenue from the wholesaling of ores by Q3-Q4 this year, with further revenues following in Q4 2024 and Q1 2025. 🔗 Watch the full presentation here: https://lnkd.in/gAUV3a7U To learn more about our exciting journey and future plans! We are confident in our ability to drive significant value for our stakeholders and look forward to sharing more updates soon. #miningindustry #juniormining #miningnews #miningsector #mininginvestment

Fitch Ratings has assigned Navoi Mining and Metallurgical Company (NMMC) a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' with a Stable Outlook. 🌟 Key Highlights: Rating Constraints: The rating is influenced by its sole parent, Uzbekistan (BB-/Stable), reflecting strong state control and strategic direction. Global Standing: NMMC is the fourth-largest gold producer globally, expected to produce over 3 million ounces in 2024. Their operations are centralized in Uzbekistan, with significant production from the Muruntau cluster. Financial Strength: Known for low leverage, NMMC maintains net and gross debt to EBITDA below 1x. The company distributes 100% of its net income to the government while considering leverage targets and liquidity. Cost Leadership: With one of the lowest all-in sustaining costs (AISC) at USD866/oz, NMMC's operations are highly cost-efficient. State Support: The state has a robust oversight role with a strong precedent of support, including government-provided debt. Corporate Governance: NMMC is enhancing its corporate governance, publishing IFRS financials since 2020 and aiming to add independent board members. NMMC's strong position and strategic importance to Uzbekistan make it a key player in the global gold market. 🌍✨ #Mining #GoldProduction #FinancialRating #CorporateGovernance #NMMC #Uzbekistan #FitchRatings

Omai Gold upsizes recently announced private placement to $13 million. Omai Gold Mines and its Agent, Paradigm Capital Inc., are pleased to announce that, due to investor demand, the recently announced Private Placement Financing has been upsized to $13 million. Omai Gold CEO, Elaine Ellingham comments, "We announced a positive Preliminary Economic Assessment ("PEA") for our Omai project in Guyana on April 4th, which shows a US$556 million NPV5% at a $1950/oz gold price. This PEA incorporated 1.9 million ounces of gold, representing only 45% of our current Mineral Resource Estimate for Omai. This PEA provides a baseline production scenario that shows the potential for the robust economic development of Omai to once again become a large-scale gold producer. We have identified multiple opportunities to expand the proposed Wenot superpit development as well as integrating the Gilt Creek underground deposit. This financing will allow us to accelerate our work expanding the total mine plan, enhancing the economics, and commencing work towards a pre-feasibility study" https://lnkd.in/gyVkzida